Knight-Swift exec exercises RSUs, withholds shares for tax
Knight-Swift Transportation Holdings Inc. executive Prickett Wilburn Douglas III, President and COO of AAA Transportation, reported routine equity compensation activity involving restricted stock units and Class A Common Stock.
Rhea-AI Filing Summary
Knight-Swift Transportation Holdings Inc. executive Prickett Wilburn Douglas III, President and COO of AAA Transportation, reported routine equity compensation activity involving restricted stock units and Class A Common Stock. On May 31, 2026, he exercised derivative awards to acquire shares and had a portion withheld to cover tax obligations.
The transactions show 4,512 shares of Class A Common Stock acquired through derivative exercises and 745 shares disposed of as tax-withholding at $75.63 per share. Following these transactions, he directly holds 5,046 shares of Class A Common Stock, along with 685 restricted stock units that remain outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,512 shares exercised/converted
Exercise
13 txns
Insider
Prickett Wilburn Douglas III
Role
Pres/COO AAA Transportation
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 685 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 546 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 622 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 676 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,983 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 685 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 202 | $75.63 | $15K |
| Exercise | Class A Common Stock | 546 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 161 | $75.63 | $12K |
| Exercise | Class A Common Stock | 622 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 183 | $75.63 | $14K |
| Exercise | Class A Common Stock | 676 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 199 | $75.63 | $15K |
Holdings After Transaction:
Restricted Stock Units — 8,332 contracts (Direct);
Class A Common Stock — 6,145 shares (Direct)
Footnotes (7)
- F1. Restricted stock units convert to Class A Common Stock on a one-for-one basis.
- F2. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2022. Stock is issued when and as vested.
- F3. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2023. Stock is issued when and as vested.
- F4. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2024. Stock is issued when and as vested.
- F5. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2025. Stock is issued when and as vested.
- F6. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2026. Stock is issued when and as vested.
- F7. Each restricted stock unit represents a contingent right to receive one share of KNX Class A Common Stock.
Key Figures
Shares acquired via exercise: 4,512 shares
Shares withheld for taxes: 745 shares
Tax withholding price: $75.63 per share
+4 more
7 metrics
Shares acquired via exercise
4,512 shares
Exercise of derivative securities on May 31, 2026
Shares withheld for taxes
745 shares
Tax-withholding dispositions at $75.63 per share
Tax withholding price
$75.63 per share
Price used for F-code tax-withholding dispositions
Post-transaction holdings
5,046 shares
Direct Class A Common Stock after transactions
Remaining RSUs
685 units
Restricted stock units outstanding after reported activity
Total tax-withholding transactions
4 transactions
F-code entries for tax liability settlement
Total derivative exercises
5 transactions
M-code entries exercising derivative securities
Key Terms
Restricted stock units, tax-withholding disposition, derivative security, Class A Common Stock, +1 more
5 terms
Restricted stock units financial
"Restricted stock units convert to Class A Common Stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of KNX Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting financial
"The restricted stock unit grant vests in five equal annual installments beginning May 31, 2022."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did KNX executive Prickett Wilburn Douglas III report?
He reported routine equity compensation activity involving Knight-Swift Class A Common Stock. On May 31, 2026, he exercised derivative awards to acquire 4,512 shares and had 745 shares withheld to cover tax obligations, with no open-market purchases or sales reported.
Were the Knight-Swift (KNX) insider transactions open-market buys or sells?
No open-market buys or sells are shown. The Form 4 reports derivative exercises (code M) converting awards into common shares and tax-withholding dispositions (code F) at $75.63 per share to satisfy tax liabilities, which are non-market mechanisms tied to equity compensation vesting.
How do the restricted stock units in the KNX Form 4 convert into common stock?
Each restricted stock unit converts into one share of Knight-Swift Class A Common Stock on a one-for-one basis. The footnotes explain that stock is issued when and as units vest, typically in equal annual installments beginning on the grant’s specified May 31 vesting start date.
What vesting schedule applies to the Knight-Swift restricted stock units in this filing?
Footnotes state that each restricted stock unit grant vests in five equal annual installments, beginning on May 31 of its respective start year (2022, 2023, 2024, 2025, or 2026). Shares of Class A Common Stock are issued when and as those units vest over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
